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Ed Balls said it was likely wages would start rising faster than prices this year. "The first thing to say is that the culmination of all the changes in tax and benefits – the rise in VAT, the cuts to tax credits, the abolition of child ... Continue to article
No. 10 has dismissed speculation of a split between David Cameron and George Osborne over the handling of Maria Miller's expenses controversy as "village-type commentary". Responding to reports that the Chancellor and Lynton Crosby had ... Continue to article
In what is fast-becoming an annual tradition, Ed Balls will don the leggings and run 26.2 miles on Sunday for the London Marathon. Several of his parliamentary colleagues have sponsored him so far, including his political arch-rival Geor...
A note from a civil servant warning against a currency union with an independent Scotland was published to rebuff nationalists’ claims that the Westminster was “bluffing” about a pound-zone, the Treasury permanent secretary has said. Si... Continue to article
George Osborne welcomed the IMF's upgraded growth forecast. "This is good news Britain, good news that we're forecast to grow faster than any other western economy and that jobs are being created. It is evidence that our economic plan is... Continue to article
Ed Miliband MP, Leader of the Labour Party, in a speech in Birmingham on One Nation Labour’s plan to tackle the cost-of-living crisis, said: It’s great to be in Birmingham today. And where better to talk about Britain’s economic futur... Continue to article
Chancellor George Osborne addresses the American Enterprise Institute on the British recovery in Washington DC Business secretary Vince Cable announces a £100m fund to help companies strengthen their domestic supply chains at the MACH ma... Continue to article
David Cameron has hailed the Government's tax cuts that come into effect tomorrow, saying they played a key role in delivering Conservative values. The personal allowance will rise to £10,000, which, according to Treasury analysis, will ... Continue to article
The Prime Minister, David Cameron, speaking today at a meeting of Conservative Party activists said: We meet on the eve of some important changes in our country. From tomorrow... ...millions of people will open their... Continue to article
Is it time for Labour to find a new script? For nine months the party has focused relentlessly and successfully on the cost of living crisis. And for nine months the Conservatives have tried in vain to change the subject, highlight the... Continue to article
There is no evidence that the Government’s Help to Buy scheme is fuelling a housing bubble, George Osborne has insisted. Statistics from a wide variety of sources show house prices are soaring, particularly in London and the south-east.... Continue to article
LONDON (Reuters) - The Treasury did not interfere in the process of state-backed Lloyds Banking Group's planned sale of hundreds of branches to the Co-operative Bank, Chancellor George Osborne told MP... Continue to article
Ed Balls said David Cameron and George Osborne needed to take responsibility for the sell-off of Royal Mail, after a National Audit Office report found it had been undervalued. “What actually happened, partly because of Peter Mandelson’s... Continue to article
John Longworth said George Osborne’s Budget last month was the first from the Coalition to value business properly. “It has improved. The Chancellor’s Budget in the spring was the first Budget that I would recognise as being a business-o... Continue to article
Chuka Umunna denied that the Government's sale of Royal Mail had been a success. “Far from it. What we have seen in this NAO [National Audit Office] report today is a damning indictment of this botched Royal Mail privatisation which disg... Continue to article
Nicky Morgan said unemployment was "never a price worth paying" and said today's announcement by George Osborne to target "full employment" by 2020 was a sign of how far the Government had come since 2010. “I think what’s actually happe... Continue to article
Chris Leslie said Labour was committed to full employment, which he suggested meant tackling the problem of long-term unemployment. “Absolutely. We’ve got to make sure that we aim for a society where we don’t leave people languishing on ... Continue to article
Downing Street confirmed that the Government was considering whether to make emotional cruelty a crime. The Prime Minister's Official Spokesman said: "This is an area of concern. That's why late last year the Ministry of Justice ran a sh... Continue to article
Chancellor George Osborne speech at Tilbury Docks on tax and benefits Thank you for coming here to Tilbury Port, this morning. We’re all here at the start of the most important week of changes to our tax system for a generation. ... Continue to article
George Osborne commits himself to seek full employment. Any economist tweeters able to point to decent estimate of UK NAIRU?
Extracts of George Osborne's speech on tax changes "We’re all here at the start of the most important week of changes to our tax system for a generation. These are the biggest cuts to personal and business taxes for two decades, and we’... Continue to article
Nicola Sturgeon said commonsense was breaking out in the Scottish independence campaign. "The Scottish government has said ever since George Osborne, Ed Balls [and] Danny Alexander ruled out a currency union is that this is bluff for the... Continue to article
Alex Salmond said the anonymous minister suggesting that the UK would allow an independent Scotland to keep the pound was a “demolition” of the No campaign’s arguments. “It’s copper-bottomed but hauled below the waterline. And what the i... Continue to article
Diane Abbott argued Liam Byrne had allowed the Conservatives to dictate the narrative on welfare while he was Shadow Work and Pensions Secretary. “There’s no doubt benefit claimants are really unpopular, but that’s partly because the pub... Continue to article
George Osborne dismissed Ed Miliband's pledge to protect small businesses from "unacceptable" treatment by the Big Six energy firms. “Well, we’ve had lots of phoney commitments, but actually, if you look at the Budget - the real thing th... Continue to article
Mark Reckless implied that David Cameron would be unable to engineer a negotiation of Britain's membership with the European Union sufficient to satisfy eurosceptics like himself. “Even the Liberal Democrats are now saying that what the ... Continue to article
COMMONS CHAMBER 9.30am: Energy and climate change questions (topicals at 10.15am) 10.30am: Business statement Select committee statement on the publication of the fourth report from the Work and Pensions Committee, on support for ho... Continue to article
Treasury Committee press release The Chairman of the Treasury Committee, Andrew Tyrie MP, has written to the Chancellor of the Exchequer, George Osborne, with respect to allegations of undue political pressure during the Project Verde bi... Continue to article
George Osborne has challenged Labour to set out whether it fully supports the welfare cap. He branded Labour the "welfare party" and accused it of making "phony arguments that welfare can be magically cut by spending more and borrowing m... Continue to article
George Osborne's welfare cap will be voted on tomorrow Continue to article
George Osborne said today's inflations figures was proof that the Government's economic plan was working. "Well it's very welcome news that inflation has fallen again. This is further evidence that the Government's long-term economic pla... Continue to article
First Beaker, now Kermit. Yes, the green frog has come out against Scottish independence in an interview with the Big Issue to the delight of the Better Together campaign. I am reliably informed that Beaker agrees with @KermitOfficia...
John Mann said Labour's political messages to voters were too vague. "Of course it's a warning shot and it would be naive to think otherwise. I think the message is that we need to be much clearer and I think simpler in putting across wh... Continue to article
Danny Alexander said the Liberal Democrats had delivered all four of their main manifesto commitments. "I’ve been clear, George Osborne has been clear for some time that dealing with the deficit is going to take longer, there are going t... Continue to article
Chuka Umunna downplayed the importance of two opinion polls showing the gap between Labour and the Conservatives down to one point. “Polls go up and down, we’ve seen them fluctuate and, frankly, if we obsessed with polls, we wouldn’t be ... Continue to article
.@Ed_Miliband at #ScotLab14 - "buy 300 pints of beer and get one free - that's George Osborne's answer to the cost of living crisis"
“What do you think of Western civilisation?” A journalist once asked of Gandhi. “I think it would be a very good idea” he replied. I feel the same about George Osborne’s so-called pension ‘reform’ Continue to article
I am 56 this morning. I mention the fact for a reason. Whether I like it or not, George Osborne wrote his budget for me, and millions of others who are my age, and older. Continue to article
Amid the scramble to be the next leader of the Conservative Party, it’s sometimes difficult to keep track of the plotting and backstabbing. Osborne is on manoeuvres, and has reportedly ‘licensed’ his ally Gove to brief against Boris. G... Continue to article
Do not look for it. It’s not online anymore. In the recent purge – or tidying up – of the Conservative Party’s online videos and speeches from before the 2010 general election, the webcameron footage of David Cameron pelting Michael Go... Continue to article
Words: Paul Waugh Photos: Paul Heartfield Iain Duncan Smith is admiring a portrait of one of his ancestors on his office wall. Amid impressive oil paintings of seascapes, hangs a sketch of Admiral Adam Duncan, who defeated ... Continue to article
Not one to be willingly outdone by George Osborne, Boris Johnson has been out and about in a hi-vis jacket of his own today. With the storm over Grant Shapps’ none-too-popular bingo poster still raging, the responses from two of the rumo...
Nick Clegg said Grant Shapps’ tweet of a Tory poster was “silly”, but should not detract from a strong Budget. “I think the tweet was a bit silly, partly because actually the issues involved in this Budget were really quite serious, incl... Continue to article
George Osborne said people were responsible enough to deal with his pension reforms. "First of all we’ve got a new pension coming in called the single tier pension that lifts them above the means test, and that makes these kind of change... Continue to article
Ed Balls said Grant Shapps' advert for the Budget was "incredibly patronising". "We’ve discussed this before: getting rid of the 10p tax rate in the later part of the last government was a mistake. A tax cut for 24m low income families. ... Continue to article
George Osborne prides himself on pulling a rabbit out of his hat on big set-piece occasions. Continue to article
Chris Leslie rejected the contention that pensioners would be much happier after the measures announced by George Osborne today. “I don’t think so. I don’t think they are going to be feeling a lot better, because of course you get this g... Continue to article
This afternoon George Osborne claimed his was a Budget for the “maker, the doer and the saver”. As he said it I half expected the old theme to Record Breakers to strike up in the background. Continue to article
Nick Clegg said Ed Miliband did not refer to the Budget once in his response to George Osborne's statement in the House of Commons. "What I heard in Ed Miliband is that he didn’t actually refer to the Budget once – it was the most off re... Continue to article
Friends of the Earth press release Commenting on the Chancellor’s annual Budget today [Wednesday 19 March 2014], Friends of the Earth Economics Campaigner, David Powell said: “Despite George Osborne’s pledge last month to tackle clima... Continue to article
Mortgage lending is still tight despite a rise in the number of approvals in July. Mortgages advanced to customers increased to 56,000, up 7% on June, according the Council of Mortgage Lenders (CML) said.
George Osborne is putting pressure on David Cameron to drop some of the Coalition's green policies, including building more onshore wind-turbines, his father in law has claimed in an undercover video. A Greenpeace activist posing as an anti-windfarm lobbyist filmed Lord Howell and Tory MP Peter Lilley saying that Osborne used the recent ministerial reshuffle to "get people into key positions who could begin to get the Government off the hook from the commitments it made very foolishly".
The Government will take “further action” to ensure the rich contribute more towards paying down the UK’s deficit, the Prime Minister and Chancellor have signalled.
In an interview this morning, David Cameron echoed George Osborne’s insistence that the Coalition would not implement a ‘mansion tax’ or other form of wealth taxes.
He also played down the likelihood of changing the top rate of tax again, but he told the Andrew Marr Show: “We will make sure that the rich will pay their fair share, that the burden is evenly shared.”
Speaking to Sky News today, Mr Osborne ruled out a mansion tax and annual wealth levy but warned the rich will have to make an 'additional contribution' in coming Budgets.
“I don’t think either of those ideas are the right ones... we’re not going to have a new mansion tax, nor do I think it’s sensible to have a wealth tax."
Mr Cameron also confirmed the Conservatives would be looking at cutting the welfare budget further – something that Nick Clegg said he would only allow if there were corresponding measures to increase the contribution from the rich.
The Liberal Democrats are also likely to have been ruffled by Mr Osborne’s comments to the Mail on Sunday that the demands for a mansion tax were based on "the politics of resentment".
George Osborne has announced the creation of a new Office for Unconventional Gas after an independent science panel gave the go ahead for the controversial fracking process, albeit under a tight safety regime. The Chancellor's ‘dash for gas’ has been criticised by environments who fear Britain will not be able to meet carbon reduction targets.
The eurozone crisis, the US fiscal situation and a slowdown in emerging markets could usher in another global recession, George Osborne has warned a conference in Tokyo.
The warning comes as the IMF and eurozone reach a deadlock on how much of Greece's debt should be written down, with the IMF arguing £24bn writedowns will be necessary to solve the crisis.
Vince Cable has indicated improving access to finance for businesses will be a key part of the Government’s new industrial strategy which he will set out in more detail tomorrow.
Speaking in the House of Commons after Labour was granted an Urgent Question, the Business Secretary confirmed the Government was “actively looking” at the possibility of setting up a business bank to improve access to finance.
Other key areas he highlighted were dealing with problems sector-by-sector, improving technology, better skills for workers, and changing public sector procurement.
Dr Cable’s Labour counterpart Chuka Umunna was given the opportunity to scrutinise the plans ahead of the Business Secretary's announcement tomorrow.
Earlier today, the Business Department unveiled plans to exempt thousands of small businesses from health and safety regulations. At least 3,000 regulations, which some businesses have complained are holding them back, are to be removed.
Dr Cable promised the Government would now be "holding departments' feet to the fire to ensure all unnecessary red tape is cut".
10/04/2014 on Steve Wright in the Afternoon, BBC Radio 2
08/04/2014 on Pooled clip
Summaries and transcripts from TV and radio
20/04/2014 on Westminster Hour, BBC Radio 4
20/04/2014 on Westminster Hour, BBC Radio 4
20/04/2014 on Westminster Hour, BBC Radio 4